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U.S. employers added just 22,000 jobs in August, according to a report from the Labor Department, while revised figures showed a net loss of jobs in June for the first time since 2020.
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U.S. stocks are slipping Friday as Wall Street questions whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.
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US unemployment rate near 4-year high as labor market hits stall speed ReutersUS hiring stalls with employers reluctant to expand in an economy grown increasingly erratic AP NewsPayrolls rose 22,000 in August, less than expected in further sign of hiring slowdown CNBCTrump's job market is struggling, building the case for steeper Fed rate cuts Politico
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Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
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US labor market cracks widen as job growth nearly stalls in August Reuters
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Wall St Week Ahead Inflation data looms for markets as stocks hover near records Reuters
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S&P 500 falls, giving up earlier gain, as traders balance economic worries with rate cut hopes: Live updates CNBCStock market today: S&P 500, Nasdaq, Dow make a U-turn lower after jobs report shows dramatic slowdown Yahoo FinanceThe S&P 500 must stay above 6,400 for the rally to continue — after August jobs report rattles market, strategist says MarketWatch
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Trump's job market is struggling, building the case for steeper Fed rate cuts PoliticoAmerica's job market flashes yet another warning sign about the economy CNNU.S. Labor Market Stalled This Summer, With August Data Adding to Slowdown The New York TimesHiring slowdown continues in 1st jobs report since Trump fired commissioner ABC News
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